EMERGING TECHNOLOGY,GOVERNMENT BUSINESS
Deltek | September 27, 2022
Deltek, the leading global provider of software and solutions for project-based businesses, announced that it has completed its acquisition of TIP Technologies – the leading provider of quality, compliance and manufacturing execution solutions for the highly regulated aerospace and defense (A&D) and government contracting industry. The agreement to acquire TIP Technologies was announced on Thursday, July 14.
With this acquisition, Deltek will add quality management system (QMS) and manufacturing execution system (MES) capabilities to its portfolio of ERP and manufacturing solutions for government contractors, aerospace & defense (A&D) and Engineer to Order (E2O) firms. For decades, Deltek has offered award-winning solutions to government contractors of all sizes. With the combination of Deltek + TIP Technologies, the company will provide the most comprehensive solutions for government contractors and in particular, aerospace & defense and engineer to order firms.
Joining forces with Deltek is a strategic milestone for TIP Technologies and we look forward to seeing how our businesses and solutions can progress together, said Mike Miller, founder and CEO of TIP Technologies. We are thrilled to now be a part of Deltek and I want to thank all our TIP Technologies employees and all the parties involved that helped us complete this acquisition.
"Having already partnered with TIP Technologies for years, we are confident that the team's knowledge and strength in complex manufacturing is the perfect complement to Deltek's government contracting solutions. Together with TIP Technologies, we now offer the most complete integrated ERP, QMS and MES solutions for government contractors to meet strict federal government compliance requirements. We are thrilled to begin this journey together with the TIP Technologies team, While Deltek is excited to add TIP Technologies to its existing portfolio of purpose-built solutions for government contractors, we do remain committed to supporting the needs of the A&D firms using third party ERP solutions."
-Mike Corkery, President and CEO at Deltek.
Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management, and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue.
About TIP Technologies:
Founded in 1989, TIP Technologies was one of the first to provide integrated quality assurance software using a commercial, off-the-shelf strategy. Now a recognized leader in the industry, TIP Technologies continues to develop highly respected software that is used by some of the world's largest corporations.
EMERGING TECHNOLOGY,GOVERNMENT FINANCE
Kaloom | September 09, 2022
Kaloom™ today announced it secured an additional USD 21 million from the Quebec government and current investor, Alternative Capital Group (ACG), who matched the government of Quebec’s investment. This latest investment will support Kaloom's go-to-market strategy and extend its current heterogeneous hardware strategy by supporting additional platforms like SmartNICs and Servers. The latest cash infusion will also allow Kaloom to ramp up sales, and help its global service provider customers benefit from burgeoning Network transformation and 5G-Edge market opportunities.
ACG's participation in this latest financing round is a strong vote of confidence in Kaloom's ability to execute on its vision. In addition to financial support, ACG brings a wealth of experience and resources that are invaluable to Kaloom’s continued business growth.
"ACG is proud to support Kaloom’s continued business growth as the company realizes the vision it set out to achieve, Kaloom's innovative solutions help network providers overcome the major challenges of Network Transformation and 5G-Edge deployments. With Kaloom's help, network providers can deliver the high-speed, low-latency performance that users demand. We look forward to supporting Kaloom in this next growth phase."
-Nicolas Beauchamp, ACG.
This latest cash infusion strengthens Kaloom’s standing as an emerging leader providing fully programmable and automated cloud-native solutions that simplify management and save costs in complex distributed edge networks. Kaloom works with service providers around the globe and plans to expand in Japan, recently registering its business in the country.
"With this investment, we can harness our momentum and continue to serve our global customers while expanding into new markets, Our mission is to empower service providers and operators worldwide with automated and fully programmable distributed edge network solutions that transform underlying network infrastructure and reduce total cost of ownership. This investment is critical to achieving that mission globally and enabling 5G-Edge and private 5G monetization in our industry."
-Laurent Marchand, Kaloom Founder and CEO.
Kaloom is delivering a fully programmable and automated cloud-native edge center networking software solution that will disrupt how distributed cloud edge and data center networks are built, managed and operated by Telecom, Fixed and Mobile Operators, Data Center and Cloud Service Providers. Kaloom comprises technology veterans with proven track records of delivering large-scale networking, analytics, and AI-based solutions for the world's largest networks. Kaloom is based in the Quartier de l'innovation in Montréal, Quebec.
CGI Federal | September 01, 2022
As federal agencies modernize their systems to process intragovernmental Buy/Sell transactions, CGI Federal has upgraded nearly 20 federal government clients in the past year to the latest versions of its ERP solution Momentum®, providing customers the functionality needed to comply with the latest federal mandates. This upgrade allows federal agencies to fully interact with the new U.S. Treasury Government-Invoicing (G-Invoicing) platform with full serviceability for their mission-critical operations, including creating and storing interagency agreements, creating orders, tracking performance and transferring funds.
CGI Federal has worked closely with the U.S. Treasury Department since 2019 in the creation of the latest requirements and included this G-Invoicing functionality, along with operational updates to its Momentum customers across all supported releases. Momentum customers benefit from full automation of all G-Invoicing processes, including general terms and conditions integration, pull only and push/pull order integration models and full support of the related billing, collecting, payment, adjustment and accrual processes. The latest release also enhances the supporting Momentum functionality for reimbursable agreement management, including G-Invoicing components.
"Implementing mandatory G-Invoicing processes creates a daunting challenge for many federal agencies, As we move forward in supporting our clients with G-Invoicing implementations to keep up with the October 1 federally-mandated deadline, we continue to enhance Momentum's functionality to best support evolving business processes. CGI Federal's Momentum product team proactively monitors Treasury post-mandate enhancements so that our built-for-government ERP solution continues to keep pace with future Treasury changes."
-John B. Owens II, Senior Vice-President and Enterprise Solutions Group lead at CGI Federal.
About CGI Federal:
CGI Federal Inc., a wholly-owned U.S. operating subsidiary of CGI Inc., is dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. Founded in 1976, CGI is among the largest IT and business consulting services firms in the world. With 88,500 consultants and other professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. With Fiscal 2021 reported revenue of C$12.13 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).
Torch.AI | August 19, 2022
Torch.AI, pioneers of data infrastructure AI, announced today a partnership with Vertosoft to accelerate the adoption of next-generation artificial intelligence (AI) and data infrastructure software capabilities across the U.S. Government.
Torch.AI, already supporting some of the world's most important organizations, has re-imagined how organizations use and extract value from data. The company's software is quickly becoming the AI ecosystem and data infrastructure standard, introducing a new way for teams to increase productivity, prioritize resources, and bridge data silos by accessing and correlating mission-critical information.
Torch.AI's role in the partnership will be to propel the adoption and delivery of new data infrastructures powered by AI to government agencies seeking an innovative response to complex data challenges. Torch's solutions will complement Vertosoft's strong portfolio of enabling technology partners in DOD agencies, such as the U.S. Army and U.S. Air Force, and further extend reach to Vertosoft's vast 100+ organization network across the greater DOD and Civilian space.
As a leading emerging technology distributor, Vertosoft is focused on bringing innovative and emerging technologies to the public sector. With dozens of contract vehicles and government-wide acquisition contracts, Vertosoft simplifies government procurement. The partnership with Torch.AI will enable Vertosoft to bring critically important data and AI capabilities to every level of government.
"We're excited to build on our momentum in the government space and continue powering mission-critical decisions and operational capabilities with our data infrastructure AI solutions, We see Vertosoft as a key component of our public sector strategy and plan to leverage their experience in bringing technology to the government market."
-Bobby Butler, Director of Partner Success at Torch.AI.
We continue to hear from public sector customers across the U.S. Federal, State, and Local markets that they're consistently looking to integrate more diverse datasets into their decision-making process and have systematically struggled in doing so, says Josh Slattery, Vice President of Technology Sales at Vertosoft. Vertosoft is thrilled to partner with Torch.AI to help bridge the gaps and turn AI into a reality for our public sector customers.
Torch.AI, the Data Infrastructure AI Pioneers, are headquartered in Kansas City with offices in Washington, DC. The company developed the use of AI to process data in-flight, radically evolving analytic and operational capabilities in any IT environment. Torch.AI's products and people are currently actively supporting operations in industries including financial services, construction and engineering, healthcare, and the US Department of Defense, US Department of Homeland Security, and other agencies.
Established in 2016, Vertosoft accelerates the adoption of innovative and emerging technology within the government. We bring the flexibility, agility, and responsiveness of a small company with the experience of a large organization. With our clear focus on emerging technology growth in government, Vertosoft is uniquely positioned to reduce complexity and provide scalable, cloud-ready technology solutions that enable government agencies to deliver smarter, client-centric digital transformations.